- Despite a 62.63% drop from its peak, RON still surged 199.65% over the past year.
- Coin Edition forecasts that RON could peak at $8.78 by the end of 2025.
- 2030 RON might reach $15.65, depending on continued NFT and gaming adoption.
Ronin’s (RON) journey since its launch in January 2022 has been nothing short of a rollercoaster ride. Starting at $3.75, the token saw its value plummet to $2.076 within a month, followed by a further drop to its all-time low of $0.1976 later that year.
Yet, the token’s resilience shone through as it steadily recovered, climbing back to $1.50 by mid-2023. This resurgence sparked a bullish rally, propelling RON to an all-time high of $4.50 in March 2024. However, this victory was fleeting, as the price later corrected sharply to around $1.30, marking a staggering 62.63% decline from its peak.
Despite this dip, RON is still up an impressive 199.65% over the past year. With technical indicators currently neutral and a Fear & Greed Index reading of 34 (Fear), many are left wondering: Is now the perfect time to buy RON?
Experts closely watch what comes next as the token navigates through this volatile phase. Could there be a hidden opportunity waiting just around the corner? Read on to find out what the future holds for Ronin.
Ronin (RON) Real-Time Market Overview
| 🪙 Name | Ronin |
| 💱 Symbol | RON |
| 🏅 Rank | #96 |
| 💲 Price | $1.7266858354944 |
| 📊 Price Change (1h) | 0.28 % |
| 📊 Price Change (24h) | 4.05 % |
| 📊 Price Change (7d) | 0.07 % |
| 💵 Market Cap | $597778006.75962 |
| 💸 Circulating Supply | 346199635.43539 RON |
| 💰 Total Supply | 1000000000 RON |
Ronin (RON) is currently trading at $1.7266858354944 and sits at number #96 on CoinMarketCap in terms of market capitalization. There are 346199635.43539 RON coins currently in circulation, bringing the total market cap to $597778006.75962.
Over the past 24 hours, Ronin has increased by 4.05%. Looking at the last week, the coin is up by 0.07%.
What is Ronin (RON)?
Ronin is an Ethereum Virtual Machine (EVM)–based blockchain that is altering the play-to-earn gaming landscape. Launched with a focus on gaming, Ronin has made waves, boasting remarkable achievements like 250,000 unique daily active addresses, $5 billion in Total Value Locked (TVL), and over 2 million wallet downloads. It also accounts for 15% of all NFT transactions on the market.
Developed by Sky Mavis, the same powerhouse behind Axie Infinity, Ronin was built to meet the demands of high-frequency transactions typical of play-to-earn games. One of its standout features is the decentralized exchange (DEX) Katana, which has quickly risen to the second spot among DEXs in terms of weekly active users.
Katana facilitates seamless token swapping within the Axie Infinity ecosystem, making it easier for players to convert their earnings into other cryptocurrencies. But what makes Ronin truly unique? Its ability to offer fast, cost-effective transactions, user-friendly onboarding, and an easy asset withdrawal process has set a new standard in the gaming industry.
Designed to scale NFT gaming, Ronin has already outpaced all Ethereum NFT scaling solutions in terms of volume in 2021. With plans to further decentralize by opening its validator application process, Ronin is not just another blockchain; it’s set to become the premier hub for NFT and gaming projects.
Ronin (RON) Current Market Status
In a dramatic twist of fate, Ronin’s RON token has defied the bearish currents that have plagued it for the past 30 days. Opening the month at $1.9066, RON faced a stark descent, plummeting to a low of $1.2534 after the August 5 market crash.
However, the token didn’t just settle there. What came next was a vigorous rebound as RON clawed its way back, stabilizing convincingly above the $1.60 support level. As detailed in the daily charts, RON is now flourishing in the green zone, an encouraging sign for investors and traders alike.
Source: CoinMarketCap
As of press time, RON has escalated to $1.71, emerging as today’s top gainer with a notable 5.27% increase in the last 24 hours. This surge has elevated its market cap to an impressive $592.938 million, positioning RON at the 99th rank in global crypto rankings.
However, the asset’s trading volume tells a different story. Trading activity has slightly diminished despite the gains, decreasing by 2.58% to $9,189,205.
Ronin (RON) Price Analysis 2024
Following recent gains, RON has garnered increased interest from investors eager to capitalize on its upward momentum. However, the decline in trading volume suggests some caution, as traders may hesitate due to uncertainty or potential risks linked to the recent price surge.
Despite this, RON’s rise in market cap and ranking highlights its growing influence in cryptocurrency. Coin Edition now delves into RON’s future trajectory, analyzing key indicators, market sentiment, and historical price patterns to provide insights into what lies ahead for this promising token.
Ronin (RON) Price Analysis – Bollinger Bands
The weekly Bollinger Bands V2 [Super trend] indicator shows that the RON token has been in a prolonged bearish trend, tracing back to its all-time high.
However, the token found support along the lower band of the indicator at $1.2311, leading to a price rebound and hinting at a potential trend reversal. This could propel RON towards the middle band at $2.3203, where it might encounter resistance.
Ronin (RON) Price Analysis – Relative Strength Index
The RSI suggests that the RON token remains bearish, as the RSI line is trending below the signal line at 42.00. Currently moving sideways, the RSI indicates that the RON token is entering a consolidation phase, likely trading within a range before determining its next direction.
A break above the neutral 50 line could signal a shift towards a bullish trend, potentially pushing RON towards the $2.2303 resistance around the 78.6% Fibonacci level.
Ronin (RON) Price Analysis – Moving Average Convergence Divergence
Like the Bollinger Bands, the MACD index also points to a long-term bearish sentiment for the RON token. This suggests that the overall outlook remains bearish despite potential short-term fluctuations until significant trend reversal signals are observed.
The MACD’s consistent position below the signal line supports this view. However, the MACD’s histogram shows signs of weakening bearish momentum as its red bars flatten toward the zero line. If these bars cross into the green, it could indicate a shift toward bullish sentiment, possibly pushing RON to the $2.2303 mark.
Ronin (RON) Price Prediction 2024
The Directional Movement Index (DMI) indicator reveals crucial insights into market trends, and the current readings suggest a mixed sentiment. With the Average Directional Index (ADX) at 28.4908, the market shows a strong trend, yet the negative directional indicator (-DI) at 30.4003 outpaces the positive directional indicator (+DI) at 16.8920. This disparity indicates that bears hold the upper hand, signaling potential downward pressure in the market.
Given these indicators, market analysts predict that the RON token might retest its August low at $1.2311 if the negative trend persists. A break below this level could lead to this year’s low of $0.9479, around the 50% Fibonacci level.
Conversely, if market sentiment shifts and bulls regain control, the RON token could rally towards the $2.2303 resistance level at the 78.6% Fibonacci retracement. A breakthrough above this level could see RON challenge this year’s peak of around $4.50 by the end of the year.
Ronin (RON) Price Prediction 2025
Per Coin Edition’s projections, RON could peak at $8.78 in 2025, fueled by increased adoption. However, market corrections might push it to $2.92 due to waning post-halving hype and general market volatility.
Ronin (RON) Price Prediction 2026
According to our price forecast, a market correction could see it dip to $1.29 as the post-2024 halving momentum fades. Nevertheless, RON may reach $5.72 in 2026, supported by sustained growth in gaming adoption.,
Ronin (RON) Price Prediction 2027
Coin Edition predicts RON could hit $7.05 in 2027, driven by bullish anticipation of the 2028 Bitcoin halving. On the downside, it might fall to $3.38 amid market consolidation following the previous year’s rally.
Ronin (RON) Price Prediction 2028
According to our analysis, RON might surge to $9.86 in 2028, benefiting from renewed bullish sentiment post-Bitcoin’s halving. Conversely, it could drop to $5.69 if market enthusiasm wanes after the halving event.
Ronin (RON) Price Prediction 2029
Per Coin Edition, RON could climb to $14.85 in 2029, supported by robust community backing and platform upgrades. However, if market conditions turn bearish or adoption slows, it may see lows of $7.40.
Ronin (RON) Price Prediction 2030
According to our forecast, RON could reach $15.65 by 2030 as the platform solidifies its position in the gaming and NFT space. Alternatively, the token might decline to $6..12 if competition intensifies and adoption stagnates.
Ronin (RON) Price Prediction 2040
Coin Edition projects RON could achieve $33.00 by 2040, reflecting its long-term success and widespread adoption. Nevertheless, the token may bottom out at $19.21 due to potential regulatory challenges and evolving market dynamics.
FAQs
Ronin is an Ethereum Virtual Machine (EVM)- based blockchain focused on gaming. It aims to offer fast, cost-effective transactions, especially for play-to-earn games.
You can buy Ronin (RON) on cryptocurrency exchanges like Binance and Uniswap by exchanging it with other cryptocurrencies like Ethereum (ETH) or stablecoins.
Ronin (RON) has shown resilience and potential, especially within the gaming and NFT spaces. However, like all cryptocurrencies, it carries risk, so consider market conditions and your investment strategy before purchasing.
RON’s all-time high is $4.50, achieved in March 2024.
According to projections, Ronin (RON) could challenge $5 by 2025, especially if market conditions remain favorable and adoption increases.
The circulating supply of RON tokens is 346,188,301.
In 2024, RON might test its all-time high of $4.50 and could surpass it if bullish sentiment dominates the market.
Ronin (RON) reached its all-time low of $0.1976 in 2022.
Sky Mavis, the same team behind Axie Infinity, developed Ronin.
Ronin (RON) was launched in January 2022.
RON can be stored in compatible crypto wallets that support Ethereum-based tokens, such as MetaMask, or hardware wallets like Ledger.
In 2024, RON might test its August low of $1.2311, but if bullish sentiment prevails, it could also rally toward $2.2303.
RON could peak at $8.78 in 2025, though depending on market conditions, it may dip to $2.92.
RON might see a high of $5.72 or a low of $1.29 in 2026, influenced by market dynamics and gaming adoption.
RON could reach $7.05 in 2027, with potential lows of $3.38 during market consolidation.
2028 RON might surge to $9.86 or drop to $5.69 if enthusiasm wanes post-Bitcoin halving.
RON could climb to $14.85 in 2029 or fall to $7.40 if adoption slows and market conditions turn bearish.
RON may reach $15.65 by 2030 as it solidifies its position in the gaming space, but if competition intensifies, it could decline to $6.12.
RON could achieve $33.00 by 2040, reflecting long-term success, though it may bottom out at $19.21 due to regulatory challenges and market dynamics.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/ronin-ron-price-prediction/